A post on the official company blog announced the purchase this morning, describing it as “a great real estate investment in a thriving neighborhood and a fantastic city.” Google isn’t revealing the price, but The New York Post reports that it’s a $1.77 billion cash deal and that with taxes and fees, the company’s total cost will be $1.9 billion.

Google’s NYC office includes engineers and its North American sales team. The company says its presence in the city began with a single ad person in 2000, and then it moved into its current office at 111 Eighth Ave in 2006. There are now 2,000 Googlers in New York, Google says, and it’s still hiring.